The proposal to scrap the rate paid by the highest earners in the UK had been criticised as unfair at a time of rising living costs.
OLI SCARFF/AFP
From the BBC World Service: The British finance minister Kwasi Kwarteng has now abandoned one of his flagship economic policies after it roiled markets. Plus, why shares of banking giant Credit Suisse plunged nearly 10% in early trading. And, people in Tunisia have taken to the streets to protest the high cost of living and food shortages.
get the podcast
The team
David Brancaccio
Host
Victoria Craig
Host, BBC
Stephen Ryan
Senior Producer, BBC
Meredith Garretson Morbey
Senior Producer
Erika Soderstrom
Producer
Alex Schroeder
Producer
Redmond Carolipio
Digital Producer
Ariana Rosas
Producer
Jarrett Dang
Digital Producer (gone fishing)
Jesson Duller
Media Producer
Nick Esposito
Media Producer
